Indiana § 27-13-13-4 Income from deposits; replacing deposits

Indiana Statutes

§ 27-13-13-4 — Income from deposits; replacing deposits

Indiana·Title 27 INSURANCE·Art. 13 HEALTH MAINTENANCE ORGANIZATIONS·Ch. 13 Protection Against Insolvency; Deposit Requirements

(a)All income from deposits made under this chapter is an asset of the organization that made the deposits.

(b)A health maintenance organization that has made a deposit under this chapter may replace the deposit or any part of the deposit with an equal amount and value of:

(1)cash;

(2)certificates of deposit;

(3)United States government obligations acceptable to the commissioner;

(4)any other securities acceptable to the commissioner; or

(5)any combination of subdivisions (1) through (4).

(c)Any obligations of the United States government must be approved by the commissioner before being deposited or substituted under this chapter.

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(a) All income from deposits made under this
chapter is an asset of the organization that made the deposits.
(b) A health maintenance organization that has made a deposit
under this chapter may replace the deposit or any part of the deposit
with an equal amount and value of:
(1) cash;
(2) certificates of deposit;
(3) United States government obligations acceptable to the
commissioner;
(4) any other securities acceptable to the commissioner; or
(5) any combination of subdivisions (1) through (4).
(c) Any obligations of the United States government must be
approved by the commissioner before being deposited or substituted
under this chapter.

Indiana § 27-13-13-4 (Income from deposits; replacing deposits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.